What is next for gold?

[modofantasma]

Place your guesses 

[silvergaga]

£1601 for sure.

[Midasfrog]

Maybe down to a level of £1460 for a while but it will rise again to above £1560 

Checkout www.https://remembergold.com 

Edited February 28, 2023 by Midasfrog

[harrygill111]

Interesting contrast between the results (so far) The gold poll is leaning up while the silver is leaning down 

Edited February 28, 2023 by harrygill111

[Tamcddd]

£1399 would be nice as a new stacker 

[modofantasma]

Just now, harrygill111 said:

Interesting contrast between the results on this Gold poll and the Silver one... small samples so far, but this is leaning up while silver is leaning down! 

Yes. I did similar polls in the past and the trend initially seemed to be bearish towards silver and bullish toward gold. 

Long term I assume more people in here are bullish towards both but for this poll it's purely what we think will occur first of the two options. I don't doubt silver will be over £20 an Oz again one day but could still be bearish short term for eg

Interesting 👌🏽🧐

[SidS]

I can't vote as £1200 isn't there.

[modofantasma]

4 minutes ago, SidS said:

I can't vote as £1200 isn't there.

You can vote because the question is what will we see first from the two price options. The question gives no regard to your long term prediction 👌🏽

You don't have to vote though either way just some harmless fun 

[modofantasma]

Anyone that wants to elaborate can do so in the thread, people who want to vote anonymously can do that too 

[Midasfrog]

3 hours ago, silvergaga said:

£1601 for sure.

Yes for sure 👍 but how far ahead do you think this will happen 3 months time or 6 months time or years ?

[Midasfrog]

1 hour ago, Tamcddd said:

£1399 would be nice as a new stacker 

Lowest I can go is £1460 😃 I can't see it dropping back any further during this dip , might be wrong though 😇

[Pete]

The great Greek philosopher "Testi-cleese" said if inflation is 10% that means everything costs 10% more, but in reality it is just the value of your denarius aureus that has dropped.
Therefore gold, silver will not rise in value but will increase in numerical quanta because your dinari has been devalued.
Some might argue that this sounds like a "load of bollocks".

[slack]

3 hours ago, modofantasma said:

Place your guesses 

Far more complex than this but Gold price gently heading south toward your low estimate until the US feel they have inflation under control and stop raising interest rates,  at that point I'd hope it has a far better chance for it to rise towards your higher estimate, but as we know, it's a complex thing affected by the mixed up crazy events of this world...or...if we believe the internet..the gold price will go to the moon and back 3 times this week lol

[Tamcddd]

39 minutes ago, Midasfrog said:

Lowest I can go is £1460 😃 I can't see it dropping back any further during this dip , might be wrong though 😇

Wherever it goes I’ll be picking some up whenever I’m able to 😏

[MonkeysUncle]

My view is the same as my silver view. Down for now.

I did pull the trigger and bought some gold yesterday. Not much, just a little bit.

I am building up a pile of ammo ready to wade in for what for me will be a substantial chunk. But if I jump in it will be a fumbling grab at a falling knife.

Don't much (mahooooooosive understatement) like the stock markets at all and haven't for a good bit. Turning into a permabear. Delisting a company off the LSE today.

[silvergaga]

£1601, a new all time high price in the UK will happen this year 2023. Once our recession really kicks in, during the summer.

[flyingveepixie]

I think the days of £1399 per ounce are gone for the plain and simple reason that nothing in the world is improving and everything in the world is deteriorating : economically, socially, politically etc.  Not to mention the fact that we seem to be heading with some apparently deliberate intent on the part of our wonderful leaders towards WW3. 

Regardless of how you choose to look at it, and quite apart from all the rest of the c.rap going on, fiat is on the way out and CBDC is on the way in, and that fact alone will (or should) cause the gold price to increase as investors look for some kind of safe haven for their wealth, which will in turn increase demand.  My own gut instinct is that we currently have a fairly sizeable dip which may last a short time but as soon as the next disaster appears (insert your own choice here), gold will be once more on the way up.

I may of course be miles out with this because truthfully I really know nothing about anything, and my mate Jimmy's crystal ball which is a VERY reliable source says it could go either way....🙄

Edited February 28, 2023 by flyingveepixie

[silvergaga]

The digital pound is just another fiat currency, like the plastic pound, no change whatsoever here.

[flyingveepixie]

10 minutes ago, silvergaga said:

The digital pound is just another fiat currency, like the plastic pound, no change whatsoever here.

I disagree.  There are a number of differences ...the main one being the potential for complete control by rogue governments.  You may also consider the fact that not a single financial transaction in the digital world will ever be private between two individuals again. 

It's not just about the currency per se, it's all the bad stuff and potential for abuse which comes with it.

Apologies for the thread hijack.   Lets get it back on track.

Edited February 28, 2023 by flyingveepixie

[silvergaga]

Yes I agree with you, another scam to get rid of cash. Complete financial control will take away our freedom to buy and sell. They will tell us soon whether we are allowed to buy precious metals or not with our digits. All governments are rogues!

[SidS]

2 minutes ago, silvergaga said:

Yes I agree with you, another scam to get rid of cash. Complete financial control will take away our freedom to buy and sell. They will tell us soon whether we are allowed to buy precious metals or not with our digits. All governments are rogues!

That's why you need to buy it now, preferably before 2030.

[silvergaga]

Right now I would say. Cos the digital pound experiments will be running in the UK this year! 2023.

[Tn21]

Good to breach above £1500 but can it hold, not so.sure. 

Lot of negative sentiment short term surrounding the metals 

[Fenlander1]

Short term unstable but I think £1600 by years end to many factors for me to take into account for an educated guess but gut feelings is bullish in the long term.

[dicker]

I have no idea what will happen next week or even next quarter.  

But…

It is my view that gold remains a long term buy particularly if you buy regularly.